{"id":163,"date":"2021-01-18T11:01:00","date_gmt":"2021-01-18T11:01:00","guid":{"rendered":"https:\/\/www.qandle.com\/blog\/?p=163"},"modified":"2024-01-18T11:18:13","modified_gmt":"2024-01-18T11:18:13","slug":"employee-resignation-and-serving-the-notice-period","status":"publish","type":"post","link":"https:\/\/www.qandle.com\/blog\/employee-resignation-and-serving-the-notice-period\/","title":{"rendered":"Overview of Employee Resignation and Serving the Notice Period"},"content":{"rendered":"\n

Notice period is the time period between an employee informing their employer of their resignation and their last day of work. When informing the employer that one is leaving the company, it is important to clearly state in the Letter of Resignation when your last day will be to set the term of your notice period<\/a>, as per one\u2019s appointment letter. Likewise, an employer is also under an obligation to give employees a fair notice period letter informing them about the termination of the contract.<\/p>\n\n\n\n

The notice period is meant for various purposes like handover of crucial assignments and projects that are being handled by the exiting employee. Basically, it is meant for the smooth transition of work from one employee to another.<\/p>\n\n

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The notice period expectations are usually outlined in the contract of employment, which should be thoroughly read and understood by the employee before getting onboard. It is important that the employee comprehends and agrees to the terms and conditions before signing the employment contract to avoid complexities or misunderstandings later during the course of employment. When deciding how much notice to serve, employees must think about the impact of the remaining time at the workplace, how long it would take to transfer their responsibilities to another employee and consider other company operations.<\/p>\n\n\n\n

Resigning from a company is a huge step, especially if one is leaving the company because of dissatisfaction with management or a similar conflict. Approach the situation with respect and consider the impact of departing to make the process go smoothly. An open conversation between the employee and employer about the reason for resignation can help in a lot of ways. The employee might consider staying if something bothering him\/ her can be changed or sorted out and if not, it helps the employer stay informed of such issues and discuss with top management for action at a later stage for the benefit of other employees as well.<\/p>\n\n\n\n

The Gujarat Authority of Advance Ruling held that an employee exiting a company without completing their notice period as outlined in the employment contract would be liable to pay 18% Goods and Services Tax (GST) on recovery of pay for the duration of notice period not served. The recovery of the amount from an employee for breach in serving the specified notice period would qualify as \u201ctolerating an act\u201d on the part of the employer and thus, would be liable to GST.<\/p>\n\n \n